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The global ethyl acetate market is led by the Asia Pacific region, which holds a significant share in the supply market. China is the largest exporter owing to its large ethyl acetate capacity. The region is followed by North America and the European Union as the other significant regional markets. The overall market is driven by the growing demand for paints and coatings, along with adhesives owing to the active construction activities and the rising growth of the automobiles industry in the emerging economies, including China and India, among others.
In February 2020, the Eastman Chemical Company (NYSE: EMN), a leading player in the industry, assignee of the patent application titled "Homogeneous Iron Catalysts for the Conversion of Ethanol To Ethyl Acetate and Hydrogen" provided the background information presented by the inventors. The technological advancements and innovations taking place in the industry are expected to drive the industry growth further. Besides its usage as an organic solvent, ethyl acetate is commonly used in the food industry and other applications, such as inks, glues, perfumes, etc.
Market Analysis by Application, and Region:
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Jiangmen Handsome Chemical Development Ltd., Jiangsu Sopo (Group) Co., Ltd., Eastman Chemical Company, INEOS Group, Sekab Biofuels & Chemicals AB, Jinyimeng Group Co., Ltd., Godavari Biorefineries Ltd., and Solvay, among others, are the key players in the global ethyl acetate market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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